The U.S. Department of Agriculture's monthly cattle-on-feed and semiannualcattle inventory reports will be released Friday at 3 p.m. EDT (1900 GMT). Therange of analysts' cattle-on-feed forecasts is as follows:

Average Range of estimates of estimates On-feed in July 99.7 97.4-100.8 Placed in June 90.3 77.4- 98.7 Marketed in June 96.6 94.4-102.1

Analysts' individual estimates for July cattle inventories are shown only forthe first two categories.

Average Range All cattle & calves 99.7 99.5-99.8 Annual calf crop 99.6 99.4-99.8

There was word that fed cattle moved in Texas, Oklahoma and Texas at $89.50per hundredweight, down slightly from last week's trade. However, most cattleowners continue to press packers for more money.

Meanwhile, futures traders marked time by working August/October bullspreads. And, some participants sold August and bought October on spreads thatin part was associated with residual Goldman roll business.

Source: FXSTREET